Move cursor over the icon to see details.
|It was a first positive week for the General Dynamics (GD). During the week, the GD gained 3.09 points, or 1.83%, and closed at 172.12 on Friday, February 8, 2019. Weekly volume was 6% above average. |
Long-term trend: [See GD long-term trend chart]
A long-term downtrend had started on March 9, 2018 at 230.00 and reached 143.87 on December 26, 2018. GD lost 86.13 points, or 37.45%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 134.11 and resistance is at 194.75. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
Medium-term trend: [See GD medium-term trend chart]
A medium-term downtrend had started on October 5, 2018 at 207.72 and reached 143.87 on December 26, 2018. GD lost 63.85 points, or 30.74%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (129.05) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See GD short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 143.87 and reached 176.16 on January 29, 2019. GD gained -32.29 points, or -22.44%, in 34 days. The price is now at the 12.51% retracement level.
Daily Technical Indicators: [See GD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 2, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.